Some states no longer offer the same protection and will consider you a sole proprietor if you're the only member, meaning, you forgo the protections you created the LLC's for in the first place. 

Now if you're lazy and have no ability to generate even market average returns then take forgo the life-changing upside and take the measly $700

You could make your low ball offers more attractive to the seller such as cash offers, close in 14 days, or if you're experienced, forgo some contingencies (but you might lose your EM if you don't close). 

I am new to this community and working on getting into a position to start investing soon.I have a very analytical mind, and want to compare some options/paths for when I have the funds to start investing.What are some good excel/numbers spreadsheets for going through the life cycle of a deal or business plan. 

I think it will be difficult with the current next door tenants, who yell all day, play music loud with windows open, smoke weed on their porch, and often go outside to shout rap songs (badly).

There’s a lot of good advice on this thread but I’ll chime in for going the out of state route.

Nobody wants to buy high and lose money, but by choosing not to take action I would intentionally forgo the most powerful potential feature of the compound interest formula, the exponent.  4.  

Sorry for going off on a tangent, but I really want to understand this part of this business and how one builds themselves up to being able to get property like this.

a lot of folks are saying I must stay in Brooklyn "because its Brooklyn" so the bigger question is, I want to make sure Its worth forgoing the "magical long term benefits" of the  Brooklyn /NY market so I can invest how I want to now on my own. 

@Yousif Abudra I don't think our agent is necessarily forgoing her fiduciary duty to us.